APG active at Global Climate Action Summit 2018 in San Francisco

APG has not made investments in coal-fired power plants in the last decade and will not invest in any new coal-related infrastructure going forward.

San Francisco, September 13th 2018: As a leading investor of pension capital, APG regards climate change as a systemic long-term risk for the global economy. At the Global Climate Action Summit 2018 in San Francisco several representatives of APG have been present and active. APG’s CEO Gerard van Olphen gave insight into the Dutch approach to reaching very ambitious goals in cutting emissions: “We are leading the Dutch financial sector’s contribution to our government’s ambitious objective of cutting emissions nearly in half by 2030. We have already reduced the carbon emissions of our equities portfolio by 25%.”

As one of the world’s largest owners of infrastructure assets, APG has not made investments in coal-fired power plants in the last decade and will not invest in any new coal-related infrastructure going forward. On behalf of our client, ABP, we will have invested EUR 5bn in renewable energy by 2020.

We are committed to providing our clients and their participants a good pension in a sustainable world.